Warren Buffett Cranks Up The Price Limit For Buying Back Berkshire Stock

Shares of Berkshire Hathaway were halted for news pending, CNBC reported. The news is Berkshire has purchased 9,200 of its Class A at $131,000 per share from the estate of a long-time shareholder, the company said in a release.

At 131K per share that works out to be about a $1.2 billion buyback.

Berkshire is also raising the price limit for repurchases to 120% of book value.